Week 10 Reading Reflection

1) I found the retained earning portion of the reading to be surprising. I finally understood that Retained Earnings has much more importance for the whole life of the company than just one year's time.

2)What confused me most was pro forma statements, at first I missed what they stood for and I kept reading still unsure.

3) I would ask about why they use the word pro forma statements and not projection. Also I would ask what the most effective way to balance your budget is, with an emphasis on the beginning.

4) I did not disagree with the author on anything.